A modest proposition: Let's sell 100 cars at the market!
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Finally, I think this might be it: To wit, a wary naive I might be.
15 years as a trader and small CTA I've swum upstream again a market tide since 2008 with a market underbid with "cheap money" , vis-Ã -vis, Keynesian support. The plethora of 3.30pm ramps, indiscriminate rally's on bad news and other nefarious price action have led us to this point, far, far beyond which logical tenets of aggregate demand proponents would have us believe. I don't know if we've seen the top, but we finally have a market to trade. Sidelines be you no longer!
Before you assail me, I prey you understand that I too have IRA's and have benefited much from the "prosperity" as intended. I yearn (not alone I suspect), however, for the return of unadulterated capitalism; Where a natural market clearing is the end result of poorly allocated capital and that, in disguise, prosperity nor "wealth effect", is independent of efficient markets.
This thread is for my benefit, to hold self-witness to trading correctly through the bear market. To understand that the greatest reverse rally's will always occur in down trends and to use technical analysis to support positions. To protect client capital above all and to have the wisdom to change opinions when the market demonstrates otherwise.
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My background: I'm an ex-programmer and have recently left full time employment to pursue trading full time. I trade my own book and client accounts.
Strategy: I trade intra-day trends or revision to mean scalps on a discretionary basis. Its not complicated; I follow the volatility and try to be "in cycle". I believe, if you listen, and remove yourself from personal biases, you will succeed. Bet big when right. Bet really big when right.
--------------------------------------------
Finally, I think this might be it: To wit, a wary naive I might be.
15 years as a trader and small CTA I've swum upstream again a market tide since 2008 with a market underbid with "cheap money" , vis-Ã -vis, Keynesian support. The plethora of 3.30pm ramps, indiscriminate rally's on bad news and other nefarious price action have led us to this point, far, far beyond which logical tenets of aggregate demand proponents would have us believe. I don't know if we've seen the top, but we finally have a market to trade. Sidelines be you no longer!
Before you assail me, I prey you understand that I too have IRA's and have benefited much from the "prosperity" as intended. I yearn (not alone I suspect), however, for the return of unadulterated capitalism; Where a natural market clearing is the end result of poorly allocated capital and that, in disguise, prosperity nor "wealth effect", is independent of efficient markets.
This thread is for my benefit, to hold self-witness to trading correctly through the bear market. To understand that the greatest reverse rally's will always occur in down trends and to use technical analysis to support positions. To protect client capital above all and to have the wisdom to change opinions when the market demonstrates otherwise.
------------------------------
My background: I'm an ex-programmer and have recently left full time employment to pursue trading full time. I trade my own book and client accounts.
Strategy: I trade intra-day trends or revision to mean scalps on a discretionary basis. Its not complicated; I follow the volatility and try to be "in cycle". I believe, if you listen, and remove yourself from personal biases, you will succeed. Bet big when right. Bet really big when right.
